floods, page-10

There are two new analyst reports on the website that discuss the effects of flooding on IDL. Apparently it is only the Baralaba for Cockatoo Coal which is out of action for an anticipated 2 months.

Credit Suisse downgraded IDL from outperform to neutral (target 1.55 from 1.80) whereas the Fosters report actually increased the target price after changing the way that they compute the target price (now 1.8 from 1.71)

http://www.industrea.com.au/irm/content/newsmedia_analystreports.html

Personally, I think the selling is overdone will grab a few more while the buy/sell depth is so weak!

Also they announced that half-yearly results will be out on Feb 17!!!